A lot of people find the idea of buying virtual land strange. How can pixels on a screen be worth hundreds, if not millions, of dollars?
It’s like buying any digital item, the value is in what people perceive it is.
Metaverse land values, like non-fungible tokens (NFTs), rise with rarity. That’s why each Metaverse ‘verse’ produces a finite.
Context also matters. Like in real life, if the land is near a famous person or a prominent monument, its value will skyrocket.
How to Buy Real Estate in Metaverse
Step 1: Pick a platform. Sandbox, Decentraland The more popular the platform, the better its future plans.
Step 2: Create your wallet, bearing in mind the blockchain platform you want to utilize, and then investigate which wallets are compatible with your chosen Metaverse.
Step 3: Link your wallet to your preferred platform. It’s available on all platforms.
Step 4: Purchase the relevant token on Binance. Both SAND and ETH are widely utilized tokens on their respective sites.
Step 5: Choose a land piece to buy, bearing in mind the aforesaid value indications.
There are several reasons to own metaverse land:
Buying and selling the parcel on NFT marketplaces like OpenSea. In some cases, the land is worth more if developed.
Making the place more enticing, entertaining, or otherwise engaging to audiences or consumers.
Rent it out to individuals who want to develop it or utilise it for social or commercial reasons through sites like LandWorks.
Company branding: Imagine a huge Nike building or a street full of fashion or auto companies with interactive displays or minigames to engage people.
Many uses for virtual land parcels are still in their infancy, therefore constructing a piece of land may not be feasible.
A strange world where virtual land can be sold for millions, yet when we spend so much time on screens, it could be the correct choice. But is it merely a fad that will pass and be forgotten as one of our society’s odd phases? We’ll see.
Get started with as little as $10.
Wondering what NFTs are? Here’s a guide on – What are NFTs
Want to get one yourself? Here’s more info on – Where to buy NFTs
Wondering how NFTs work? Here’s your guide.
How to invest in NFTs – Earn money from NFTs by investing, maybe?
How to buy NFTs – Buy an NFT yourself.
Also, check out the guide on – How to make money with NFTs
You could make an NFT yourself – Here’s how to make NFTs
And finally, read on how to sell NFTs. Useful stuff! 😉